Western Texas Intermediate has advanced by 2.66% during the New York session, exacerbated by thin trading liquidity conditions.The market sentiment is positive despite the Omicron variant worldwide outbreak. Tilted to the upside, though a break above the 50-DMA would open the path towards USD 79.00.Western Texas Intermediate, also known as …

European stocks kicked off the last trading week of 2021 with gains on Monday, as traders got one last chance to push the main index toward a record closing high before year-end. Pharmaceutical stocks were among the biggest gainers.The Stoxx Europe 600 index XX:SXXP rose nearly 0.5% to 484.82, with …

Texas factory output grew in December at the same pace compared with the previous month, data from a survey compiled by the Federal Reserve Bank of Dallas showed Monday.The production index of the Texas Manufacturing Outlook Survey which is a key measure of state manufacturing conditions, fell slightly to 26.7 …

The S&P 500 has risen by 0.75% as the New York session begins. As the Santa Rally extends, the Dow Jones and the Nasdaq surge between 0.39% and 1.16%.The S&P 500 has witnessed an upward bias, as buyers have tended to the 50 and the 100-DMA to open new buying …

The XAU/USD Index has advanced by 0.09% as the last trading week of the year kicks in. The market sentiment is mixed, as a result of Omicron fears and transmissibility, despite being less dull.The weekly chart depicts a neutral bias, though a descending triangle has formed, threatening of pushing prices …

The EUR/USD pair has remained on the defensive heading into the early North American session, and rather has managed to hold its neck above the 1.1300 round-figure mark.Having failed to make it through the 1.1340-50 resistance zone on Friday, the EUR/USD pair witnessed a subdued price action on the first …

Gold rose for the second successive week and finished slightly below $1810 after rebounding from $1783. It was unable to hit fresh monthly highs.The precious metal continued to improve its outlook, with a close above the 55-week simple moving average. The upside continues to face resistance around $1810/15. A break …

The International Monetary Fund is concerned about cryptocurrencies, chiefly because the promising market is growing at a noteworthy pace and regulation is not coping with such a pace.The total market value of all crypto assets surpassed USD 2 trillion in September this year, representing a 10-fold jump from levels seen …

Over the course of a year, consumer prices rose by 5.7%, the fastest surge of inflation seen in decades. Now, the omicron variant of COVID-19 is threatening any progress the country’s economy has made.In the late 1970s when inflation surged to 7, 8, 9, up to 11%, it was a …

The shared currency losses against the US dollar but remains above the 1.1300 figure. EUR/USD price is barely down late in the European session, trading at 1.1318. As US markets as a whole remain closed on Christmas eve, the market sentiment is positive. On Friday, the US dollar benefits from …